$BTC - The price has been consolidating around the same high-timeframe support range I marked in many of my prior PAT updates at $67K over the last couple of days, and from a structural perspective, it’s looking good.

However, until there are clear signs of strength, such as the price durably bouncing off this high-timeframe support range and then reclaiming the 1D Bull Market Support Band, which has been a strong reversal spot over the last couple of months, confirming that the bottom is durably in and that the most likely outcome from here is a continuation to the upside, I believe the best approach right now is to remain hedged and ready for further consolidation or even a continuation of the downtrend in a more bearish scenario.
That said, if the price can manage to turn the support band, which has acted as resistance over the last couple of weeks, back into support, that would be my key sign that it’s time to scale out of my hedges and start rotating capital back into my spot holdings.